Binance’s 19th Proof of Reserves (PoR) report shows changes in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Shiba Inu holdings, with total asset reserves reaching $124.69 billion.
Well-known cryptocurrency journalist Colin Wu pointed out that Binance has released its 19th Proof of Reserves report, showing significant changes in user assets.
As of June 1, Binance users held 582,292 BTC tokens, an increase of 534 from May 1. Users' ETH assets reached 46,640, up 7.02%, while the USDT tokens held by users fell 3.38% to 220.8 billion.
Overall, Binance’s total reserves are $124.69 billion, down $1.54 billion from the previous month. This report is crucial as it confirms Binance’s commitment to maintaining a 1:1 balance of user assets with additional reserves attached.
XRP Balances and Large Investor Movements
The report also details XRP’s financial statistics. The net customer balance was 290 million XRP, while Binance’s net balance was 293.4 million XRP. This figure includes 2.914 billion XRP in direct trading balances and 20.69 million XRP in third-party custody.
The XRP ratio is 101.17%, indicating a surplus in the balance indicator. At the time of writing, XRP is trading at $0.5242, a 24-hour increase of 0.03%.
Exchanges such as Binance have noticed inflows and outflows of funds. Blockchain tracker Whale Alert observed 88 million XRP moving between Coinbase and Binance yesterday. These movements are critical to understanding an exchange’s liquidity, risk management, and asset allocation.
Binance Shiba Inu Coin Holdings
The report also provides insights on the SHIB (Shiba Inu Coin) cryptocurrency. Customer net balances totaled 62.62 trillion SHIB, while Binance’s net balance reached 64.8 trillion tokens. This includes a direct transaction balance of SHIB 64.599 trillion and third-party custody of SHIB 20.955 billion.
The SHIB ratio is 103.49%, indicating that customer holdings are slightly higher than Binance. Currently, SHIB is trading at $0.00002524, down 1.43% from the previous day.
In addition, SHIB has gained wide support and listing on several leading centralized exchanges. Cryptocurrency analyst Del Crxpto earlier expressed optimism that SHIB will not be the only ecosystem token on Binance.
However, despite continued calls from the community, major exchanges such as Binance and Coinbase have yet to list BONE, another ShibaCoin ecosystem token.
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